First Serbia location for Magna

October 2, 2013

Magna-Odžaci_1ODŽACI, October 2, 2013 – Magna International Inc. announces that its Magna Seating operating unit celebrated the grand opening today of Magna Seating d.o.o., a new seat component manufacturing facility in Odžaci, Serbia, which will supply OEM customers including Smart, Renault and Ford.

“For Magna Seating, today represents an exciting step forward in the expansion of manufacturing capacity of our operations in Eastern Europe,” said Bernhard Niggemeier, Executive Vice President Europe for Magna Seating. “We are pleased to work together with local and regional leaders to create jobs and opportunity for Odžaci and the neighboring areas, as well as support the growth of our global customers.”

With approximately 300 employees and a production area of 4,300 square meters, Magna Seating d.o.o. represents Magna’s first manufacturing site in Serbia. Including today’s announcement, Magna International will have opened seven facilities in Eastern Europe between 2011 and 2013, to support increased automotive production in the region.

Magna Seating executives were joined at the grand opening ceremony by Aleksandar Vučić, Vice President of the Government of Serbia, Bojan Pajtić, President of the Government of the Serbian province Vojvodina, Roman Waschuk, the Canadian Ambassador to Serbia, and Izabela Šerić, Mayor of Odžaci.

Prior to today’s grand opening, all of the Magna Seating d.o.o. employees received specialized training to ensure maximum flexibility and efficiency as production ramps up. This training represents an additional investment being made by Magna to help develop the local workforce for the unique automotive manufacturing environment.

About Magna Seating

Magna Seating, an operating unit of Magna International Inc., is an innovative leader in the development and manufacture of high-quality complete seating systems, seat structure and mechanism solutions, and foam & trim products for the global automotive industry. Our capabilities range from consumer and market research, full concept development, design and engineering, and testing and validation to world-class manufacturing of seating components and complete seat assemblies.

About Magna International

We are a leading global automotive supplier with 314 manufacturing operations and 89 product development, engineering and sales centres in 29 countries. Our 123,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA).

Source: Text – Magna International Inc.; Photo: Press Bureau of the Government of the Autonomous Province of Vojvodina